Coca-Cola Consolidated, Inc. $COKE Stock Holdings Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 5,824.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,000 shares of the company’s stock after purchasing an additional 73,734 shares during the period. International Assets Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $14,195,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in COKE. North Dakota State Investment Board grew its stake in Coca-Cola Consolidated by 3.0% in the 3rd quarter. North Dakota State Investment Board now owns 1,735 shares of the company’s stock worth $328,000 after acquiring an additional 50 shares in the last quarter. VestGen Advisors LLC increased its position in shares of Coca-Cola Consolidated by 43.8% during the third quarter. VestGen Advisors LLC now owns 2,891 shares of the company’s stock worth $547,000 after acquiring an additional 880 shares during the period. Balance Wealth Partners LLC purchased a new position in shares of Coca-Cola Consolidated during the third quarter worth approximately $44,000. Penobscot Investment Management Company Inc. purchased a new position in shares of Coca-Cola Consolidated during the third quarter worth approximately $291,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Coca-Cola Consolidated by 16.1% during the third quarter. Oppenheimer & Co. Inc. now owns 1,439 shares of the company’s stock valued at $272,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on COKE shares. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Coca-Cola Consolidated from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

COKE stock opened at $210.30 on Friday. The business has a 50-day moving average price of $197.05 and a 200 day moving average price of $186.42. The company has a market capitalization of $14.00 billion, a P/E ratio of 27.89 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 1-year low of $127.09 and a 1-year high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%. The company had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be issued a $0.25 dividend. The ex-dividend date is Friday, October 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s payout ratio is currently 13.26%.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc is the largest Coca-Cola bottler in the United States. Based in Charlotte, North Carolina, the company produces, sells, markets and distributes a broad portfolio of nonalcoholic beverages for The Coca-Cola Company and other brand owners.

Its products include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, DASANI, smartwater, POWERADE, Minute Maid and fairlife, along with other soft drinks, water, sports drinks, juices, dairy beverages and emerging beverage brands.